[crowd cheering] >> please welcome austin ligon, cofounder and retired ceo of carmax, incorporated. >> when we first started carmax 19 years ago, we had a simple idea to make buying a used car transference an eyes process. today carmax has grown to be america's largest retailer implying 17,000 people in 30 states and one of fortune's top 100 companies to work for. we worked hard to build and conceive an idea for carmax but we didn't do it alone. we succeeded because we had intensely committed associates. healthy and flexible capital markets, good roads and bridges that let us move product rapidly, cooperative federal, state and local governments that helped us have clear rules of the roads and plan and grow our business. as a businessman, i know president obama understands what it takes to spark economic growth because i've seen him in action. when he took office, he inherited a massive structural deficit from his republican predecessor, an economy free fall and most importantly for me personal leanna toe industrly an the verge of collapse. there was restructuring of two of america's